Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
SkyCap Financial has been helping Canadian consumers take control of their financial futures since 2013. Their main goal is to provide alternative financing to all Canadians, regardless of their financial past or credit history. They provide fast and easy short-term loans ranging from $500 to $10,000 and approve applicants in as little as 24 hours.
Consumers can take advantage of SkyCap Financial’s quick application and a team of experienced individuals that strive to make your experience as smooth as possible. SkyCap Financial bases all their lending decisions on three main factors, current income, credibility, and stability, so they can approve more Canadians, especially those who have been rejected in the past based on credit issues.
SkyCap Financial takes in all kinds of clients, even those who have gone through debt problems in the past or are dealing with bad credit. As such, the eligibility requirements for one of their loans are a bit more lenient than those of the average bank or credit union.
That said, while you can still qualify if your financial health isn’t great, you may have an easier time qualifying for a favourable loan amount, repayment term, and interest rate if you apply with the following strengths:
SkyCap Financial can even offer you a loan if you’ve recently gone through a consumer proposal or personal bankruptcy. However, you must be discharged in order to qualify.
If your finances are in particularly bad shape, you can also call SkyCap’s customer service number and ask them if you’re allowed to apply with a cosigner or collateral, either which would normally help you get a secured loan with better conditions.
Another great thing about SkyCap Financial is that their loan application process is relatively simple and can be done entirely online in less than 5 minutes. However, there are several personal and financial documents that you must be willing to share, such as:
Essentially, to properly qualify with SkyCap Financial, you must be a permanent resident of Canada, be at least the age of majority in your province or territory (18 – 19+) and have a large enough income to cover any costs associated with your loan.
You must also be living in one of the following provinces or territories (check out the SkyCap Financial website for a full list of their business locations):
Once you’re approved for your loan from SkyCap Financial, any money you qualify for will be deposited directly into your bank account shortly after. Here are a few other features you might notice when you apply for a loan through SkyCap Financial:
SkyCap Financial offers simple personal loans that you can use for any number of expenses and repay over time through divided installments.
Before you start applying for any sort of loan, it’s extremely important to find out how much your payments will cost you overall so you can factor them into your budget and save up enough money. After all, an unaffordable loan can cause serious damage to your finances and credit score, especially if you miss multiple payments.
Here are some of the main costs you’re likely to encounter after you’ve received your loan from SkyCap Financial:
Before you apply, it’s also extremely important to compare SkyCap Financial with other lenders in your area, as well as to weigh the benefits and drawbacks of applying with them specifically. In this case, the main pros and cons of SkyCap Financial include:
Frequently Asked Questions
What expenses can a SkyCap Financial loan cover?
Can I apply for a loan using collateral or a cosigner?
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Personal Loan | $500 – $10,000 |
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Auto Loan | $500 – $10,000 |
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Medical Loan | $500 – $10,000 |
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Equipment Loan | $500 – $10,000 |
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The customer service was great. Couldn’t be happier on that front. Everything was very fast and no headaches.
These guys are awesome.
I had a great experience with them!
The agent I spoke was really nice and it was quick to complete the application. Would recommend them to anyone.
Worst scam ever! Beware of these crooks…
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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